Discounts offered by firms to middlemen for bulk purchases are?

Assessment: JAMB UTME - Commerce - 2004 Subject: Commerce

Question 1 Report

Discounts offered by firms to middlemen for bulk purchases are?
Answer Details
Discounts offered by firms to middlemen for bulk purchases are called "trade discounts." These discounts are typically given to intermediaries such as wholesalers or retailers who purchase large quantities of goods from manufacturers or producers. The purpose of trade discounts is to encourage bulk purchasing and to help intermediaries increase their profit margins by reselling the goods at a markup. Trade discounts are often expressed as a percentage off the list price of the goods being purchased.
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